{"id":325,"date":"2022-02-25T17:35:53","date_gmt":"2022-02-25T17:35:53","guid":{"rendered":"https:\/\/insidebitcoins.com\/au\/?page_id=325"},"modified":"2024-07-15T08:32:26","modified_gmt":"2024-07-15T08:32:26","slug":"paypal","status":"publish","type":"page","link":"https:\/\/insidebitcoins.com\/au\/buy-cryptocurrency\/buy-bitcoin\/paypal\/","title":{"rendered":"How to Buy Bitcoin with PayPal in Australia"},"content":{"rendered":"

Over 41% of Australians are optimistic about the use of cryptos as a payment method in their everyday lives. This has led more and more investors to look for buying cryptos in the country.<\/p>\n

With Bitcoin reaching a new all-time high in 2021 of AUD 95436.30, then correcting back to AUD 51230.58 in early 2022, the largest cryptocurrency has been volatile in recent times, and this is why Australian investors are looking to buy the dip and trade the volatility.<\/p>\n

If you are an Australian, buying Bitcoin with PayPal would be one of the easiest and most popular methods of entering into crypto space.<\/p>\n

Read ahead we review how to buy Bitcoin in Australia with PayPal in 2024. We’ll also show you the best trading platforms and provide you with all the information you need to trade safely.<\/p>\n[table_of_content]\n

How to Buy Bitcoin with Paypal in <\/strong>Australia<\/strong><\/h2>\n
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  1. Choose a Bitcoin trading platform – we recommend eToro<\/a><\/li>\n
  2. Create an account<\/li>\n
  3. Deposit funds into your account, selecting the Paypal option<\/li>\n
  4. Search ‘Bitcoin’ in the drop-down menu<\/li>\n
  5. Click ‘Open Trade’ and select an amount of Bitcoin to buy<\/li>\n<\/ol>\n<\/div><\/div>\n

    Best Places to Buy Bitcoin in <\/strong>Australia <\/strong>in <\/strong>November 2024<\/strong><\/h2>\n

    The simplest option to buy Bitcoin with Paypal is eToro<\/a>. If you have a bank card linked to your Paypal Coinbase is another option, as is Binance is if you use the Binance P2P marketplace.<\/p>\n

    How to Buy Bitcoin with PayPal – Step by Step Guide <\/strong>2024<\/strong><\/h2>\n

    If you’re looking to buy Bitcoin<\/a> with PayPal right now, then look no further. By following the four steps below, you’ll be able to buy Bitcoin with PayPal in under ten minutes.<\/p>\n

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    1. Open an account with eToro – <\/strong>Head to the eToro<\/a> homepage and click ‘Join Now’. Provide your email address and choose a username and password.<\/li>\n
    2. Upload ID – <\/strong>Verify your account by uploading proof of ID (a copy of your driver’s license or passport) and proof of address (a copy of a bank statement or utility bill).<\/li>\n
    3. Deposit via PayPal – <\/strong>Choose PayPal as your deposit method – minimum initial deposit of $50.<\/li>\n
    4. Buy Bitcoin – <\/strong>Type ‘BTC’ into the search bar at the top of the screen and click ‘Trade’ next to the first option. Enter the amount you’d like to invest, double-check everything is correct, and click ‘Open Trade’.<\/li>\n<\/ol>\n

      How to Buy Bitcoin with PayPal in Australia – <\/strong>eToro Tutorial<\/strong><\/h2>\n

      When you decide to buy Bitcoin, most brokers and trading platforms will offer various ways to fund your account. However, one of the most popular and safe methods is through PayPal, due to their stellar reputation worldwide as a reliable digital payments platform.<\/p>\n

      In this section, we’ll show you how to buy Bitcoin with PayPal with eToro<\/p>\n

      Step 1: Open an eToro Account<\/strong><\/h3>\n

      The first thing you need to do is open an eToro<\/a> account. We recommend using eToro in this guide as they offer simplified cryptocurrency trading services.<\/p>\n

      \"How<\/p>\n

      To open your account, head to eToro’s homepage and click the Sign Up or Get Started links. On the page that follows, provide your email address and choose a username and password.<\/p>\n

      Step 2: Verify your ID and Address<\/strong><\/h3>\n

      Due to eToro’s strict security policies, new users must verify themselves before being able to invest. Luckily, this process is very straightforward and can be completed in minutes.<\/p>\n

      Simply upload proof of ID (a copy of your passport or driver’s license) and proof of address (a copy of a bank statement or utility bill). eToro will then verify these documents; once verified, you can move on to step 3.<\/p>\n

      Step 3: Fund your eToro Account<\/strong><\/h3>\n

      eToro offers a wide variety of deposit methods, including credit\/debit card, bank transfer, and a selection of e-wallets. Included in this selection is PayPal, so choose that option in the drop-down menu of the deposit screen.<\/p>\n

      \"How<\/p>\n

      Step 4: Search for Bitcoin<\/strong><\/h3>\n

      Once you have funded your account, click into the search bar at the top of the screen and type in ‘Bitcoin’ or ‘BTC’. Click on the first option in the drop-down menu, and then click the ‘Trade’ button on the next screen.<\/p>\n

      Step 5: Buy Bitcoin with PayPal<\/strong><\/h3>\n

      In the order box that follows, enter the amount you’d like to invest – eToro only requires a minimum investment of AUD 65.50. After this, double-check everything is correct, and click ‘Open Trade’.<\/p>\n

      \"Open<\/p>\n

      And that’s it! You’ve just bought Bitcoin using PayPal!<\/p>\n

      Where to Buy Bitcoin with PayPal in <\/strong>November 2024<\/strong><\/h2>\n

      When you decide to purchase Bitcoin with PayPal, it’s crucial to choose a licensed platform with a track record of allowing users to trade safely. There is a wide variety of options on the market, ranging from brokers to cryptocurrency exchanges, so it can seem challenging to decide which is best for you.<\/p>\n

      In this section, we discuss two of the best trading platforms when it comes to buying Bitcoin with PayPal in 2021.<\/p>\n

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      1. eToro <\/strong>– Overall Best Broker to Buy Bitcoin with PayPal<\/strong><\/li>\n<\/ol>\n

        Our recommended broker to purchase Bitcoin with PayPal is eToro<\/a>. \"eToro-Logo\"<\/a>With over 20 million users worldwide, eToro is widely regarded as one of the safest and easiest trading platforms to invest with.<\/p>\n

        Importantly, it ensures that your capital and personal details are afforded the highest levels of protection. It has an Australian office in Sydney.<\/strong><\/p>\n

        \"invest<\/p>\n

        Aside from their attractive fee structure, eToro also offers some handy features. Notably, they provide a practical and safe digital wallet that will store your Bitcoin holdings. This wallet is available on the App Store and Google Play and allows you to manage your holdings on the go.<\/p>\n

        eToro also offers an innovative ‘CopyPortfolio’ feature, which will enable you to invest in funds managed by eToro’s professional investors – all without paying any management fees.<\/p>\n

        Finally, eToro allows you to fund your account via PayPal. A conversion fee is applied to all deposits, and the minimum deposit for new users is $50. If you’d like, you can also fund your account with FIAT currency via credit card, debit card, bank transfer, and various e-wallets.<\/p>\n

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        \nPros<\/strong>\n